Q: I am 56, nearly 57. If I decided to retire before 60 when can I access my super?
I assume your preservation age is 55 because if you are born before 1 July 1960, your preservation age is 55. If you were born after 30 June 1964, then your preservation age is 60 years. If you were born after June 1960 and before July 1964, then your preservation age is either 56, 57, 58 or 59 years of age. You can learn more about your preservation age by reading this SuperGuide article: Accessing super: What is my preservation age?
Note: If you retire before the age of 60, then tax is payable on the taxable component of a super benefit.
For information on other ways you can access your super benefits before the age of 65, see SuperGuide article, Accessing super early: 14 legal reasons to cash your super.
My response is for information purposes only, and you’ll need to confirm how the rules apply for your personal circumstances by undertaking your own research, or by chatting to a financial adviser or accountant.